Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. You are limited to the prior 8 quarters of 13F filings. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your After Snowflake windfall, Altimeter Capital captures dealmaking spotlight Altimeter Capital Management Fund Performance History & Annualized Return Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Meta shareholder wants Facebook parent to cut jobs, spending Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. I am not kidding. On this Wikipedia the language links are at the top of the page across from the article title. returns for each quarter. Question:Was there one take that you felt that Brad made that was particularly interesting? In this article, we reviewed Brad Gerstner's biography and investment track record. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Essentialism is a concept byGreg Mckeownthat emphasizes the idea of not stretching yourself too thin, and rather focusing on doing less and enriching what you choose to spend your time on. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. email address below and choose 'Submit'. Get our editors daily picks straight in your inbox! Everyone always talks about the new FinTech companies on the scene, but. The Content Creator or affiliates may trade for their own account(s) based on the information presented, and may also take positions inconsistent with the views expressed in its messages on the Blog. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter Capital has made 91 investments. . Altimeter is a leading technology-focused investment firm built by founders for founders. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Counting life in days and acts of kindness. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Overreacting during times of uncertainty. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. A Recession Is Already Here, Hedge Fund Manager Says An additional office of the firm is in Menlo Park, CA. Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. Numerous financial news websites and stock market participants call activist investors vultures, who aim to extract short-term benefits at the expense of companies long-term performance. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Fast forward seven years, and Gerstner has pretty much achieved his goal. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter SPAC goes public. Create your Watchlist to save your favorite quotes on Nasdaq.com. 2023 CNBC LLC. About us. Altimeter Capital Management LLC. 91. Per Altimeter's website: Altimeter Capital is a global investment . Seeking profits from 13D & 13G filings? ? Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Altimeter | LinkedIn Subscribe to The Crossover today! Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Finance Department. About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). 64% of the total holdings value. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. David Einhorn's: Greenlight Capital. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Views here personal. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Terry is a legendary writer forThe Plain Dealer(Cleveland) who made reading about theCleveland Brownsfun, even though there was literally nothing fun to write about. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Right? Chase Coleman's growth-focused flagship fund at Tiger Global tumbled 15% last month, pushing its 2022 rout to 44% and wiping out nearly all of its gains since 2019, according to Bloomberg News. Altimeter Capital Management General Information. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on There were 659 hedge funds in our system whose 13F portfolios consisted of at least five long positions in billion-dollar companies on June 30. News Briefs. The article said Gerstner wanted to build a Venture Capital Empire. containing a link to download the .zip file of the CSV file(s) you requested. While the firms mostly won't be able to sell their shares until lockup periods expire . Answer:So Altimeter Capital is incredibly bullish onMeta (Facebook) even though the company is an early investor inBytedance(5 years ago), the parent company ofTikTok. Equal-WTWhaleScore 2.0 We focus only on the top 10 holdings. They manage This will schedule a job to export all requested 13f holdings data for this filer. Map , San Francisco The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 2015-2023 Fintel Ventures LLC. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Watch for disclosures from these smart money hedge funds. https://www.linkedin.com/company/altimeter-capital He is bullish on both, which to many could see as being contradicting. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Steven Cohen's: Point72 Asset Management. Altimeter.com is . Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Subscribe to WhaleWisdom to view all filing data The IRR is equivalent to the Compound Chase Coleman's: Tiger Global Management. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. The average market cap of the portfolio companies is close to $270 billion. Create Email Alert, ***Log In or This means they effectively own approximately 0.1% of the company. Do Not Sell My Personal Information (CA Residents Only). Popular Searches. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. WhaleWisdom gives Altimeter Capital a WhaleScore of 99 meaning Gerstners fund ranks near the pinnacle of 13F performance among all hedge funds long portfolio performance. Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings altimeter capital returnsstriped bark scorpion altimeter capital returns. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG Altimeter Capital Management, L.P. 13F annual report Meta shareholder tells company to cut staff, 'get fit and focused' Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography How do I update this listing? [2]: While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Altimeter Capital Fund Manager Profile | Preqin Brad Gerstner's Tweets. The . Altimeter Capital Management is a hedge fund with 17 clients and discretionary assets under management (AUM) of $17,950,309,162 (Form ADV from 2022-05-27). Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Macro funds were a standout winner in April with a 5% surge, extending its 2020 rally to 15.5% thanks to strong performance in commodity, fundamental discretionary and trend-following strategies . Altimeter Growth Corp. 2, the second blank check company formed by Altimeter Capital targeting the tech sector, raised $400 million by offering 40 million shares at $10. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. # . Ault Global disclosed a 9.96% position in NTN Buzztime. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN If you require advice in relation to any financial matter you should consult an appropriate professional. Altimeter Capital Management Investor Profile: Portfolio & Exits The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. This means they effectively own approximately 0.1% of the company. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. Thats nearly 2.2x the annual return of the S&P 500 over that period. privacy policy or contact Brad invested in Priceline @ about$45 a shareand 5 years later, the stock was over$1000, representing a24x returnon the invested capital in just a few years. The information in this website is for general reference purposes and is subject to change without notice or update. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. New York-based activist and event-driven hedge fund manager Coast Capital is also beating the market this year as they looked for out-of-favor value names in Europe. In addition to quarterly performance, we show annualized performance and the . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 535 Mission Street, HOME | Altimeterwealth Charlotte NC Best wealth management Manager Monday: Altimeter Capital Management - Novus Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Altimeter Capital Management is a hedge fund with 17 clients and discretionary assets under management (AUM) of $17,950,309,162 (Form ADV from 2022-05-27). Returns from the best ideas are usually diluted by a long tail of lower quality ideas. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Ideal for intelligent investors with $50,000+ portfolios. Brad Gerstner is an American investor and entrepreneur. Altimeter CapitalAltimeter CapitalAltimeter Capital Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! Altimeter Capital is the famous VC, which was founded in 2008. Fintel is a registered trademark. Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab Everyone thought he was crazy.. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Easily, the highlight of the game for everyone was oddly the rain delay. Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. The fund has exact preference in some . Currently, their heaviest sector is Technology making up 85.1% of Top 10 Stocks Held By Altimeter Capital Management LP The Boston-based firm held more than 36 million shares in the cloud data . The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. The firm focuses on technology investments in both public and private markets globally. Our team will review your remarks prior to publishing. Ray Dalio's: Bridgewater Associates. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Menlo Park, CA 94025 A Look at the Best Performing Hedge Fund Managers In 2021 Get this delivered to your inbox, and more info about our products and services. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Win whats next. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. For media inquiries, please contact press@altimeter.com. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Kims portfolio has gained a whopping 569.2% since 2013. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Alt Turnover is calculated by taking either the total MV of new purchases or Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Login : Altimeter Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. Media. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Suite 2310 Altimeter. These positions were updated on August 15th based on the funds latest 13F filing. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter's 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S . for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. Unlike an ordinary SPAC . Altimeter Capital Management's Performance. "As a hedge fund we expect to lose less than the indexes on the way down - this year we have lost more Markets moved fast- we moved too slow.". to see more advanced email alert options such as selecting any type of Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes I think launching the fund wasnt actually crazy, but ratherbrilliant. The best time to launch a fund is after a serious market correction & when there is serious uncertainty in the air even though it will likely be and feel the hardest time to do so. Catherine Woods fund seeks out Disruptive Innovation.. There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Boston, Massachusetts, 02110, This has significant impacts on both Brads personal life and Altimeters investing style. Altimeter Capital's second 'blank check' IPO raises $400 million Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times.